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Asbury Automotive

Asbury Automotive Group adds eight more storefronts in Stevinson acquisition

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The M&A activity continues at a feverish pace in the automotive sector, and Asbury Automotive Group is making yet another acquisition. They’ve completed the purchase of Stevinson Automotive, a group of eight dealerships in the Denver, Colorado area. The acquisition adds another $715 million in expected annual revenue for Asbury. Stevinson is a family-owned and […]
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Dealership M&A activity reaching feverish pace in third quarter

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For all of 2021, dealership sales, group mergers, and acquisitions have been occurring at a pace that defies convention. These profit centers have the ability to continue generating for the foreseeable future, yet more dealership sales are being reported in recent weeks than ever before. Group 1 Automotive has acquired Capital City Honda in Sacramento, […]
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CBT automotive newscast: April 28, 2021

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Featured Interview: How consistent processes can increase revenue in the service department - Don Reed Dealers are beginning to see increased profits and revenues in their...
Newscast

CBT Automotive Newscast: August 26, 2020

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Today’s Featured Interview: CEO Alex Goldfayn Discusses Key Communication Strategies to Generate More Sales Many of our personal and professional lives have been altered since the start of Coronavirus, but that doesn’t mean optimism and positivity have to take a back seat. Sales and profit are still happening! Today we’re talking to Alex Goldfayn, CEO […]
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driving assistance

CBT Automotive Newscast: August 11, 2020

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Today’s Featured Interview: CA Dealer Hilary Haron on Facing Inventory Concerns and Encouraging Women to Work in Automotive Recently, women have made progress towards gaining better representation in the auto industry. Female leaders like Mary Barra and Cheryl Miller have opened new doors to consider what’s possible for women in the automotive world. Hilary Haron, […]
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auto retailers

A Glance at 2nd Quarter Results for Auto Retailers Across...

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2020 has brought twists, turns, and challenges of every sort. Auto retailers have certainly felt the unpredictability as they’ve tried to navigate through the most unusual year in recent memory. The second quarter of 2020 has come and gone, and now the industry looks back on what was lost and gained during a pivotal quarter.  […]
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Erin Kerrigan

Erin Kerrigan Breaks Down the Revival of the Buy-Sell Market

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At this point, several publicly traded automotive groups including Lithia Motors, AutoNation, and Asbury Automotive reported an increase in earnings per share for Q2. These earnings highlight the resilience of the auto retail industry and signal a strong return of transaction activity in the automotive buy-sell market. Erin Kerrigan, founder and managing director for the […]
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Ryan Kerrigan

Ryan Kerrigan Discusses the Canceled Asbury Acquisition and More Ways...

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  As part of our ongoing Coronavirus coverage, we’re pleased to welcome back Ryan Kerrigan, buy-sell expert and Managing Director at Kerrigan Advisors. In this segment, Jim and Ryan discuss the termination of Asbury’s $1B acquisition of 14 Park Place dealerships, as well as more ways the buy-sell marketing is shifting due to COVID-19. Stay […]
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Asbury

David Hult to replace Craig Monaghan as Asbury Automotive’s President...

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DULUTH, Ga., — The Board of Directors of Asbury Automotive Group, Inc., one of the largest automotive retail and service companies in the U.S., today announced that Executive Vice President and Chief Operating Officer David W. Hult will succeed Craig T. Monaghan as the Company’s President and Chief Executive Officer effective January 1, 2018.  Mr. Hult, who has served as Asbury’s […]
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